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King of the Peanut Gallery

Summary - Wednesday, 2008.III.26.

by DPeezy on March 26th, 2008 at 7:42 pm

Thanks to The Fly’s sacrifice of the Golden Bull, the bears won the day.  Oddly, almost all my existing long calls gained on the day:  [[CMED]], [[EOG]], [[LIFC]], [[SWN]].  Get crunk!

DP Buys:

  • [[CMG]] puts from yesterday’s idea post.
    • Was looking good until it jumped 3 points in the last 30 minutes.  WTF?
    • Still, It finished right at resistance ($115) without hitting the trailing stop, so I’m holding.
  • [[PALM]] May 5.00 straddle.  Need it to move over $1 in each direction in the next 2 months.
    • Has been trading in a range b/w $4.25-$7, so I’ll be selling either at $7, or after a breakdown.

DP Sells:

  • [[KCI]] calls were stopped out on the trailing stop for a loss.
    • Frustrated with this one, as several mistakes were made, including entering the trade too far above support and improperly protecting a 25%-30% unrealized profit.

2 Responses to “Summary - Wednesday, 2008.III.26.”

  1. JakeGint Says:

    Don’t every say “get crunk” again, or I’ll drag you down to the tattoo parlor and make them put “Pete’s Dragon” on your forearm.

    In purple.

  2. DPeezy Says:

    Learned it from Lil’ Jon.

    Figured the Southern homies on this site might appreciate it.

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